Who in their right mind would buy a new vehicle right now unless you could pay for it in full before leaving the dealership. Who would even consider financing a vehicle right now when we're in the beginning stages of a collapse and most people aren't gonna have a job much longer to continue the payments.
Who would buy an EV when they are shutting down the power grid and you won't be able to charge it. Who'd buy a new vehicle with a gas powered engine when even if they hadn't completely shut down the oil industry the gas pumps won't work without power to run them.
Who in their right mind would buy any new vehicle right now unless you was mega rich and just had thousands of dollars to waste.
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I'm calling cr-p on previous poster. The only way this makes sense is if the dealer buys your previous lease at the lease buyout rate, then gives you $1000 or so for helping them out. Rebates offsetting interest? 🤣 That doesn't make sense because math. And we are in a historically low incentives period.
I just leased a new vehicle. Same vehicle as my 2020, same options...lower payments for my 2022. Interest rates may be higher, but rebates are offsetting those rates.
@his+1iPJJOwM Ford of MX engineers don't make all that less than US engineers when it comes to salary. It is when HR applies the BS fully fringed rate that things look like a better deal. It really isn't because it is just an average you 'think' an employee will cost you based on average. One of the reasons they want younger employees is they don't tend to use medical benefits and such like older or mid life employees so they end up with US people that cost about the same as someone in MX. Also, make no mistake, Ford of MX employees are not hurting. They can get bussed into offices, guaranteed lunch hours, near guarantee not to have to work on holidays. Not to mention, most I know are able to have more than enough money to hire housekeepers and in home child care due to lower levels of pay for domestic help. They are living pretty darn well.
40% drop year to date you own that one Fartley
Mexico salary engineers make 1/3 rd dearborn engineers salary hence the drive to
The gig is up foks our service economy doesn't have room for 100k plus workers. The middle class is biding its time buckle up butter cup. It' rich, gangbangers and lower class.
@hhk+1iPJJOwM don't be naive. Ji. Has said 8% margin is too low. Coupled with material costs, and the upcoming hourly labor contract fight, as well as opening brand new innovation centers in Mexico, India, and Brazil, the writing is on the wall for North American based salary employees.
April and August were just the beginning. Ford will have less an 10k salaried workers in NA by the end of 2023. But go ahead and believe your "the doom and gloom is over hyped" nonsense. I was hired after 2004. I will stay thru end of year in order to get the week of the holidays off. Come January I will be moving on. Already have some things simmering.
Enjoy the rollercoaster ride. I'm getting off.
The middle class has been frozen out of major purchases (at least those that exercise fiscal restraint). Everything is at top dollar or worse (the housing sector is a bubble). You order a vehicle (even one not highly demanded) and you are waiting 7+ months to get it. You go with dealer stock and you are getting some lot rot tu-d that was built out of process. With absolutely no compensation for any of it. So why buy? Also not accumulating that many miles either.
I drive a 2014 stick Fusion. Paid off, checks the box that it's a Ford vehicle, it's a stick. I have no reason to buy a new car now.
I think you’re being a little bit melodramatic to be honest. I’m definitely not saying the economy is in a great position, but this doom and gloom is beyond ridiculous. To say most people will be out of a job is asinine.